The long term unemployed in the U.S are having an easier time finding jobs, while the chronic problem of long-term joblessness may disappear in the months ahead, according to a study released Monday from the Federal Reserve Bank of San Francisco.
The jobless rate in the U.S. is currently at 7.9 percent, with some 12.3 million people out of work, according to the Bureau of Labor Statistics. Of that, some 4.7 million are considered long term unemployed — meaning they have been jobless for 27 weeks or more.
What a damn joke. Funny part is, if you read the comments on the bottom of the article, you’d think it was posted here or on zerohedge. People aren’t buying the BS anymore.